For the 6th consecutive year, Sequis Life has received the Best Insurance Awards 2023 from Investor Daily in the Life Insurance category with Assets > Rp10 Trillion to Rp25 Trillion.
The assessment process is conducted by a panel of judges who continue to employ a five-year benchmark evaluation. During the period spanning 2018 to 2022, various ranking criteria were applied, with a particular emphasis on growth-related factors.
In the interest of promoting equitable competition, insurance companies are segmented based on their asset strength. In this year’s ranking, life insurance companies are classified into four asset categories: The first includes companies with assets exceeding Rp 25 Trillion; The second with assets ranging from over Rp 10 Trillion to Rp 25 Trillion; The Third comprises companies with assets ranging from over Rp 5 Trillion to Rp 10 Trillion; and lastly The Fourth category encompasses companies with assets ranging from Rp 1 Trillion to Rp 5 Trillion.
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